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Technology Stocks : VitalStream Holdings Inc. (VSTH)

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To: Paul Lee who wrote ()4/7/1999 9:06:00 AM
From: Paul Lee  Read Replies (1) of 447
 
Larson-Davis Incorporated Announces Distribution Agreements

PROVO, Utah, April 7 /PRNewswire/ -- Larson-Davis Incorporated (Nasdaq: LDII) announced today that it has signed a number of distribution agreements for the marketing and sale of its Jaguar Time of Flight Mass Spectrometer. These separate agreements provide the company with exclusive distributors in Japan, Korea, and the Philippines. Each agreement requires a minimum number of Jaguar's to be purchased during the next 3 years.

In addition, the company is in the final stages of negotiation for the establishment of a pan-European distributor for the Jaguar. This agreement would provide the company with exclusive distribution throughout Europe and is expected to be finalized later in the month.

The company has also signed a letter of intent with Petroleum Systems Services Corporation, for the semi-exclusive distribution of the company's PetroProbe(TM) product for the detection of product interfaces in the petroleum pipeline. PetroProbe is a variant of the company's CrossCheck(TM) resistance technology. This agreement is expected to be finalized later this month and would provide distribution in the U.S.
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